Hot Research PM

Halliburton Is Less Burdened

Global Hunter upgraded the oilfield-services firm to Buy from Neutral.

The results in Halliburton's international operations exceeded our expectations and while North America is still a slow grind higher, we believe that investors should get back involved in the name at these levels.

Our 2013 earnings-per-share estimate likely shakes out in the $3 area, including only modest margin improvement in North American completion...